SunPower Corporation (NASDAQ:SPWR) Q1 2022 Earnings Conference Call May 5, 2022 4:05 PM ET

Company Participants

Mike Weinstein - Vice President-Investor Relations

Peter Faricy - Chief Executive Officer

Manu Sial - Chief Financial Officer

Conference Call Participants

Sean Morgan - Evercore

Ben Kallo - Baird

Brian Lee - Goldman Sachs

Julien Dumoulin-Smith - Bank of America

Graham Price - Raymond James

Philip Shen - ROTH Capital Partners

Kashy Harrison - Piper Sandler

Operator

Good afternoon. Welcome to SunPower Corporation’s First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Mr. Mike Weinstein, Vice President of Investor Relations at SunPower Corporation. Thank you, sir. You may begin.

Mike Weinstein

Thank you. Good afternoon. I would like to welcome everyone to our first quarter 2022 earnings conference call. On the call today, we will begin the comments from Peter Faricy, CEO of SunPower, who will provide an update with first quarter announcements and business highlights, followed by our expectations for the remainder of 2022. Following Peter’s comments, Manu Sial, SunPower’s CFO, will then review our financial results and guidance for the year. As a reminder, a replay of the call will be available later today on the Investor Relations page of our website.

During today’s call, we will be make forward-looking statements that are subject to various risks and uncertainties that are described in the Safe Harbor slide of today’s presentation, today’s press release, our 2021 10-K and our quarterly reports on Form 10-Q. Please see those documents for additional information regarding those factors that may affect these forward-looking statements.

Also, we will reference certain non-GAAP metrics during today’s call. Please refer to the appendix of our presentation as well as today’s earnings press release for the appropriate GAAP to non-GAAP reconciliations. Finally, to enhance the call, we have posted a set of PowerPoint slides on that we will reference during the call in the Events and Presentations page of the Investor Relations website. In the same location, we have also posted a supplemental data sheet detailing additional historical metrics.

With that, I’d like to turn the call over to Peter Faricy, CEO of SunPower. Peter?

Peter Faricy

Thanks, Mike and good afternoon everyone. It was terrific to get the opportunity to meet most of you last month in person at our Analyst Day. You will recall, we presented our five-pillar strategy, but we are using to build SunPower into the world's best renewable energy company. Our full attention is now on the execution of that plan. Today, we will highlight the results we have achieved in the first quarter toward our goals and how we plan to continue working to deliver our full year 2022 guidance.